Equinix borrows $185m for data centres

By Brett Winterford on Mar 17, 2010 4:12 PM
Filed under Communications

Proceeds for debts and data centre builds.

View larger image Sensor lights illuminate the path to customer cages. View larger image An alternative perspective on the sensor lights, which are designed to save power and lighting ... View larger image Inside the Sydney2 data centre.

See all pictures here »

The wholly-owned Asia Pacific subsidiary of data centre giant Equinix has secured US$170 million (AU$185 million) in loans from five financial institiions to continue to build and kit out data centres in the region.

Equinix, operators of the Equinix Sydney1 and Equinix Sydney2 data centres, announced today that DBS Bank, The Singapore branch of Dutch bank ING, The Royal Bank of Scotland and Hong Kong operations of GE Commercial Finance will underwrite the loan.

The company said that US$81 million of the money will cover existing debts - the company owes US$81 million out of an original loan of US$120 million - with the remainder aimed at being "used to support the company's development plans" in the region.

Equinix has built two data centres each in Sydney and Singapore, the latter attracting global clients including Salesforce.com.

The company is also expanding a data centre in Hong Kong.

Follow us on Facebook and Twitter


Top Stories
Australian IT superpower born as CSC-UXC deal approved
Joins Dimension Data in the billion-dollar club.
HP Inc struggles with plummeting PC, printer sales
Downgrades profit forecast while HPE holds firm.
Microsoft admits problem with Office 365 security module
'Incredulous' delay in fixing Advanced Threat Protection.
Sign up to receive CRN email bulletins
Who has best odds in public cloud (other than AWS, Azure, Google)?

Latest Comments
CRN Magazine

Issue: 343 | October 2015

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.